Submitted by Tyler Durden on 07/22/2015 - 15:19 Some know it as one of the longest running Las Vegas pre-bankruptcy dramas. But what Caesars Entertainment really is, is the biggest hedge fund hotel in "special situation" history: with "investors" such as Paulson, Omega, Canyon, Soros, JMB, Scoggin, Och Ziff and many others, this is quite literally the who is who of biggest and baddest US hedge funds.
"Far Worse Than 1986": The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says
Submitted by Tyler Durden on 07/22/2015 - 16:31 The forward curve currently points towards a recovery in prices that is far worse than in 1986. As there was no sharp downturn in the ~15 years before that, the current downturn could be the worst of the last 45+ years. If this were to be the case, there would be nothing in our experience that would be a guide to the next phases of this cycle, especially over the relatively near term. In fact, there may be nothing in analysable history.
China Just Started Nationalizing Its Stock Market
Submitted by Tyler Durden on 07/22/2015 - 15:30 According to China Daily, the "recent overweighting to stem A-share plunge has made China Securities Finance Corp (CSF), central bank-backed refinancing institution, among top 10 shareholders of many listed-firms, reported Securities Times on Wednesday."The Greek drama that has been staged over the past several years has been done with the end goal of setting up a European government.
French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, which has been weakened by the Greek crisis.
Reviving an idea originally put forward by former European Commission chief Jacques Delors, Hollande proposed “a government of the euro zone (with) a specific budget as well as a parliament to ensure its democratic control”
from The News Doctors:
In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN‘s Christiane Amanpour on Monday that European lenders had forced his government to make a choice between “suicide or execution.”
After five months of rigorous negotiations, the outspoken Varoufakis stepped down from his post the night of the Greek referendum. And despite voting against the latest austerity package, Varoufakis said he understood why Prime Minister Alexis Tsipras decided to accept the punishing new terms.
Read More @ TheNewsDoctors.com
In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN‘s Christiane Amanpour on Monday that European lenders had forced his government to make a choice between “suicide or execution.”
After five months of rigorous negotiations, the outspoken Varoufakis stepped down from his post the night of the Greek referendum. And despite voting against the latest austerity package, Varoufakis said he understood why Prime Minister Alexis Tsipras decided to accept the punishing new terms.
Read More @ TheNewsDoctors.com
from RTAmerica:
by Dave Hodges, The Common Sense Show:
Foreign occupation forces are training and will be training to overrun
this country in a martial law scenario. Why foreign troops? Because
American troops might not be able to be counted upon to carry out the
orders of subjugation that will come down from this globalist inspired
banker-hijacked administration.
In the past several days, an enormous military exercise has become known to the public. This October over 36,000 troops from more than 30 countries will be gearing up for what NATO calls its largest exercise in over a decade and the exercise is called “TRIDENT JUNCTURE”
Read More
Foreign occupation forces are training and will be training to overrun
this country in a martial law scenario. Why foreign troops? Because
American troops might not be able to be counted upon to carry out the
orders of subjugation that will come down from this globalist inspired
banker-hijacked administration.In the past several days, an enormous military exercise has become known to the public. This October over 36,000 troops from more than 30 countries will be gearing up for what NATO calls its largest exercise in over a decade and the exercise is called “TRIDENT JUNCTURE”
Read More
from FreedomFighter2127:
$900 Million Payday Is Billionaires' Reward For Crushing Twinkie-Maker's Labor Unions
Submitted by Tyler Durden on 07/22/2015 - 14:09 After investing $410 million in March 2013, two billionaires are about to make a $500 million return an investment they have held just over two years, with the blessing of a whole lot of debt investors. And all they had to do was pick up the carcass of a company which did nothing more than crush its unions.Commodisaster
Submitted by Tyler Durden on 07/22/2015 - 16:06
Greece Isn't The Problem; It's A Symptom Of The Problem
Submitted by Tyler Durden on 07/22/2015 - 15:55 All eyes may be on Greece right now, but in reality, the economic malaise is widespread across the continent. It’s clear that Greece is not the problem. It’s a symptom of the problem. The real problem is that every one of these nations has violated the universal law of prosperity: produce more than you consume. This is the way it works in nature, and for individuals.Humpday Humor: Truth Is Stranger Than 'The Onion'
Submitted by Tyler Durden on 07/22/2015 - 15:40
This Is The 'Thinnest' New High In Stock Market History
Submitted by Tyler Durden on 07/22/2015 - 15:00 When we noted the stock market’s weak internals yesterday, we weren’t sure if things could get any worse – and by how much – with the major averages still able to hold near 52-week highs. Well, the answers were “yes” and “a lot”... yesterday, July 20, 2015, was the thinnest new high on record in the U.S. stock market.
The Ridiculous Reason Why UK Cops Just Dropped A Broker Fraud Probe
Submitted by Tyler Durden on 07/22/2015 - 14:43 The UK has dropped an investigation into a Swiss OTC products broker which allegedly won business from the Ghadafi regime by hosting "no sperm left zone" parties in Morocco. The reason the case was dropped: the firm determined that "the benefits of a successful prosecution will be outweighed by the damage which will be done to it in the course of a prosecution."
WTI Crude Clubbed To 4-Month Lows, Tests $48 Handle
Submitted by Tyler Durden on 07/22/2015 - 14:33 As the NYMEX close approached, front-month WTI Crude futures slumped towards a $48 handle - the lowest since early March, having firmly rejected the algo-driven rip after this morning's inventory build and tiny production cut...
Nine Reasons Why Low Oil Prices May "Morph" Into Something Much Worse
Submitted by Tyler Durden on 07/22/2015 - 14:20 Why are commodity prices, including oil prices, lagging? Ultimately, it comes back to the question, “Why isn’t the world economy making very many of the end products that use these commodities?” If workers were getting rich enough to buy new homes and cars, demand for these products would be raising the prices of commodities used to build and operate cars, including the price of oil. If governments were rich enough to build an increasing number of roads and more public housing, there would be demand for the commodities used to build roads and public housing. It looks to me as though we are heading into a deflationary depression, because prices of commodities are falling below the cost of extraction. We need rapidly rising wages and debt if commodity prices are to rise back to 2011 levels or higher. This isn’t happening.
Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression
Submitted by Tyler Durden on 07/22/2015 - 14:14 There has now been an unprecedented 31 consecutive months of CAT retail sales declines. This compares to "only" 19 during the near systemic collapse in 2008. In other words, if global demand for heavy industrial machinery, as opposed to unemployed millennials' demands for $0.99 Apple apps, is any indication of the true underlying economy, forget recession: the world is now in a second great depression which is getting worse by the month.
Retail Investors' "Cult"-est Stocks
Submitted by Tyler Durden on 07/22/2015 - 13:40 We always keep a weather eye on the state of retail investing in the U.S. There is, of course, the old saw that this batch of buyers doesn’t get involved until the top; therefore, it makes sense to see if they are getting too “Bulled up”. Then there is the fact that retail “Cult” stocks can hold premium valuations far longer than those without such sponsorship.
Ottawans Outed - 1 In 5 Found To Be "Cheating Dirtbags Who Deserve No Discretion"
Submitted by Tyler Durden on 07/22/2015 - 13:17 Canada's capital city, Ottawa, is, as MSN reports, also it's most potentially adulterous. Around 1 in 5 of the population is registered on Ashley Madison - the recently hacked social network for married people looking for an affair. The hotbed of infidelity was also the seat of power: The top postal code for new members matched that of Parliament Hill, according to Avid Live chief executive Noel Biderman in a newspaper report published earlier this year.
Subprime Auto Loan "Titan" Proclaims There's Nothing To Worry About
Submitted by Tyler Durden on 07/22/2015 - 13:00 "in the 1990s, subprime borrowers typically were offered four-year car loans... Now, the standard is six years, partly because wages haven’t kept up with vehicle prices... I think that’s a good thing,... Unfortunately it seems to be painted as something bad, and I’m not sure why.”
Perhaps It Wasn't Such A Good Idea To Leave The Fate Of The Tech Bubble In The Hands Of Apple
Submitted by Tyler Durden on 07/22/2015 - 12:41 Apple is expected to be the largest contributor to earnings growth for the Information Technology sector for Q2 2015. The blended earnings growth rate (combines actual results for companies that have reported and estimated results for companies yet to report) for the Information Technology sector is 0.2%. Exclude Apple, and the sector would report a year-over-year decline in earnings of 6.0%.
I decided to make public and expand upon one section in my private newsletter weekly commentary.As silver was monkey-hammered once again this week, I got the usual “see that, Harry Dent was right. Silver is going down” response.
It’s not enough that paper price dictates emotion. But that we still hold onto the belief in fortune tellers is over the top.
We wait for the price to tell us how to fell.
I’ve read Harry Dent. I recommend him for any student of monetary policy and economics. He’s accessible for most and I believe he is accurate with regard to the fundamental tendency for contraction or deflation in a world economy built upon the sand of cheap credit over multiple generations.
Read More @ Silver-coin-investor.com
from KingWorldNews:
Eric King:
“Gerald, since gold first broke below the $1,200 level in June, 2013,
you stated that the downside risk was $100 – $150, and you consistently
repeated that message. That has proven to be incredibly accurate in
light of the recent plunge in gold. What made you believe that there
was going to be one final shakeout in the gold market? How did you
know?”
Gerald Celente: “Because the markets are rigged. That’s not a conspiracy theory; that’s a fact. We already know that LIBOR and forex are both rigged and we also know there have been investigations about the rigging of the gold market. And it’s not in the best interest of central banks, who are printing trillions of dollars of fiat money in order to prop up global equity markets, to see their currencies devalued….
Gerald Celente Continues @ KingWorldNews.com
Eric King:
“Gerald, since gold first broke below the $1,200 level in June, 2013,
you stated that the downside risk was $100 – $150, and you consistently
repeated that message. That has proven to be incredibly accurate in
light of the recent plunge in gold. What made you believe that there
was going to be one final shakeout in the gold market? How did you
know?”Gerald Celente: “Because the markets are rigged. That’s not a conspiracy theory; that’s a fact. We already know that LIBOR and forex are both rigged and we also know there have been investigations about the rigging of the gold market. And it’s not in the best interest of central banks, who are printing trillions of dollars of fiat money in order to prop up global equity markets, to see their currencies devalued….
Gerald Celente Continues @ KingWorldNews.com
by Michael Snyder, The Economic Collapse Blog:
Did you know that the percentage of children in the United States
that are living in poverty is actually significantly higher than it was
back in 2008? When I write about an “economic collapse”, most people
think of a collapse of the financial markets. And without a doubt, one is coming very shortly,
but let us not neglect the long-term economic collapse that is already
happening all around us. In this article, I am going to share with you a
bunch of charts and statistics that show that economic conditions are
already substantially worse than they were during the last financial
crisis in a whole bunch of different ways. Unfortunately, in our 48
hour news cycle world, a slow and steady decline does not produce many
“sexy headlines”. Those of us that are news junkies (myself included)
are always looking for things that will shock us. But if you stand back
and take a broader view of things, what has been happening to the U.S.
economy truly is quite shocking. The following are 12 ways that the
U.S. economy is already in worse shape than it was during the depths of
the last recession…
Read More…
Did you know that the percentage of children in the United States
that are living in poverty is actually significantly higher than it was
back in 2008? When I write about an “economic collapse”, most people
think of a collapse of the financial markets. And without a doubt, one is coming very shortly,
but let us not neglect the long-term economic collapse that is already
happening all around us. In this article, I am going to share with you a
bunch of charts and statistics that show that economic conditions are
already substantially worse than they were during the last financial
crisis in a whole bunch of different ways. Unfortunately, in our 48
hour news cycle world, a slow and steady decline does not produce many
“sexy headlines”. Those of us that are news junkies (myself included)
are always looking for things that will shock us. But if you stand back
and take a broader view of things, what has been happening to the U.S.
economy truly is quite shocking. The following are 12 ways that the
U.S. economy is already in worse shape than it was during the depths of
the last recession…Read More…
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